1ST MORTGAGE LOANS
Effective September 3, 2010
Lock Period: 60 Day
CONFORMING
| Loan | Rate | APR* | Points |
|---|
| 30 Year Fixed Conforming | 4.875%
| 5.014%
| 0.000%
|
| 20 Year Fixed Conforming | 4.625%
| 4.810%
| 0.000%
|
| 15 Year Fixed Conforming | 4.375%
| 4.606%
| 0.000%
|
| 3/1 ARM Treasury Conforming | 4.375%
| 3.513%
| 0.000%
|
| 3/1 ARM LIBOR Interest Only Conforming | 4.750%
| 4.361%
| 0.000%
|
| 5/1 ARM Treasury Conforming | 4.625%
| 3.752%
| 0.000%
|
| 5/1 ARM LIBOR Interest Only Conforming | 5.250%
| 4.340%
| 0.000%
|
| 7/1 ARM Treasury Conforming | 4.875%
| 4.037%
| 0.000%
|
| 7/1 ARM LIBOR Interest Only Conforming | 5.375%
| 4.559%
| 0.000%
|
| 30/7 Balloon Conforming | 4.375%
| 4.647%
| 0.000%
|
JUMBO
| Loan | Rate | APR* | Points |
|---|
| 30 Year Fixed Jumbo | 5.875%
| 6.028%
| 0.000%
|
| 15 Year Fixed Jumbo | 5.625%
| 5.876%
| 0.000%
|
| 3/1 ARM Treasury Jumbo | 4.500%
| 3.541%
| 0.000%
|
| 3/1 ARM LIBOR Interest Only Jumbo | 5.375%
| 4.494%
| 0.000%
|
| 5/1 ARM Treasury Jumbo | 4.750%
| 3.797%
| 0.000%
|
| 5/1 ARM LIBOR Interest Only Jumbo | 5.625%
| 4.469%
| 0.000%
|
| 7/1 ARM Treasury Jumbo | 5.000%
| 4.098%
| 0.000%
|
| 7/1 ARM LIBOR Interest Only Jumbo | 5.875%
| 4.797%
| 0.000%
|
| ARM Indexes | Conforming Loan Limits |
|---|
| Prime** | 3.250% | 1 - Unit | $417,000.00 |
| COFI | 1.797 June 2010 | 2 - Unit | $533,850.00 |
| 1-Year T | 0.26% weekly | 3 - Unit | $645,300.00 |
| 0.29% monthly | 4 - Unit | $801,950.00 |
| 1-Year LIBOR | 0.91% year |
Click Here for High-cost Area Limits
|
*APR = Annual Percentage Rate. Example rate of 6% APR with 360 monthly payments (30 Year) = $599.55 monthly per $100,000 borrowed. Rates, Terms and conditions are subject to change without notice.
Rates apply to owner occupied properties only. Maximum combined Loan-to-value is 80%. Investment properties will have additional pricing adjustments; please call for a quote. The interest rates, annual percentage rates (APRs) and points shown are subject to change without notice.Your APR will vary based on your final loan amount and finance charges.
INVESTMENT PROPERTIES: For current rates & pricing, please contact our Financial Services Real Estate Officers at (415) 564-3800 or email us mortgages@sfpcu.org.
**As of August 1, 2010, the Prime Rate is 3.25%.
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2ND MORTGAGE LOANS
Effective September 1, 2010
ADVANTAGE LOAN
| 5 Year | 7 Year | 10 Year | 15 Year |
|---|
| Rate | APR* | 45 Day | Rate | APR* | 45 Day | Rate | APR* | 45 Day | Rate | APR* | 45 Day |
|---|
| 5.750 | 5.812 | Cost | 6.500 | 6.547 | Cost | 7.000 | 7.035 | Cost | 7.500 | 7.525 | Cost |
*APR = Annual Percentage Rate. Example rate of 6% APR with 360 monthly payments (30 Year) = $599.55 monthly per $100,000 borrowed. Rates, Terms and conditions are subject to change without notice.
Loan limits $20,000 - $300,000. Rates apply to owner occupied properties only. Maximum combined Loan-to-value is 80%. Investment properties will have additional pricing adjustments; please call for a quote.
HOME EQUITY LINE OF CREDIT
Owner Occupied Properties
$10k - $300k
|
Investment Properties
$10k - $300k
|
|---|
Draw/Repay
Period
| APR |
Draw/Repay
Period
| APR |
|---|
| 10-Year/10-Year | 3.500%* /4.250% | 10-Year/10-Year | Prime + 1.000%** |
Owner Occupied:*6 months promotional rate. As of August 1, 2010, the Prime Rate is 3.25%. Rates thereafter based on Prime + 0.25% margin; Semi-annual adjustments January - July; Floor Rate 4.25%; Ceiling Rate 12%; Maximum Combined Loan-to-value 80% Owner-occupied; A $250 inactivity fee will be imposed if the balance is $0.00 for six consecutive months. Administration fee: $500 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600. Offer good for primary and second homes in California.
+ Floor Rate 4.25%; Ceiling Rate 12%.
Non-owner Occupied: **Rate Based on Prime. As of August 1, 2010, the Prime Rate is 3.25%. Rates thereafter based on Prime + 1.00% margin. Semi annual adjustments January - July; Floor Rate 4.25%; Ceiling Rate 12%; Maximum Combined Loan-to-value 75% Non Owner-occupied; A $250 inactivity fee will be imposed if the balance is $0.00 for six consecutive months. Administration fee: $500 if line closed within 1 year. Property insurance is required; flood insurance may be required. SFPCU will pay the flood determination, tax service, credit report and deed of trust recording fees only. The applicant will pay for all other fees, including the appraisal and title fees. Typical fees range from $200 - $1,600.
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VEHICLE LOANS
Effective September 1, 2010
| Loan | Terms and Conditions | Term | APR As Low As* |
|---|
New Auto
2009 or newer (7,500 miles or less)
Shopping for Your Next Vehicle? |
Financing may include purchase price (based on cash price), tax, license, warranty, & GAP.
| 1-36 months | 3.74%
|
| 37-60 months | 4.49%
|
| 61-72 months | 4.74%
|
| 73-84 months | 4.99%
$35k & over
|
Used Auto
2004 to 2009
Shopping for Your Next Vehicle? |
Financing may include purchase price, tax, license, warranty & GAP, based on High Blue Book.
| 1-36 months | 3.74%
|
| 37-60 months | 4.49%
|
| 61-72 months | 4.74%
|
| 73-84 months | 4.99%
$20k & over
|
Early Model Autos
1989 to 2003 |
100% of good value in CPI manual; Appraisal may be required. Financing may include purchase price, including tax, license, warranty, GAP, based on Low Blue Book.
| 1-36 months | 5.99%
|
| 37-60 months | 6.49%
|
Motorcycles
2009 or newer (7,500 miles or less) |
Financing may include purchase price (based on cash price), tax, license, warranty, & GAP.
| 1-36 months | 3.74%
|
| 37-60 months | 4.49%
|
New or Used
Boat/ Trailer/ Jet Ski
| NEW: 80% of purchase price.
USED: 75% of appraised value on private party, dealer transactions or refinance. | 1-60 months | 6.49%
|
| 61-72 months | 6.74%
|
| 73-84 months | 6.99%
|
| 85-120 months | 7.49%
$35k & over
|
New or Used
Motor Homes/ RVs
|
NEW: 90% of purchase price.
USED: 80% of appraised value on private party, dealer transactions or refinance.
| 1-60 months | 6.74%
|
| 61-72 months | 6.99%
|
| 73-84 months | 7.24%
|
| 85-120 months | 7.49%
$35k & over
|
New or Used
Travel Trailer
| NEW: 80% of purchase price.
USED: 75% of appraised value on private party, dealer transactions or refinance. | 1-60 months | 6.74%
|
| 61-72 months | 6.99%
|
| 73-84 months | 7.24%
|
| 85-120 months | 7.49%
$35k & over
|
New Mobile Home
|
80% of purchase price; fees paid out of pocket. Must be in mobile home park or private property.
| 180 months | 11.00%
|
Used Mobile Home
|
80% of purchase price or appraised value; fees paid out of pocket. Must be in mobile home park or private property.
| 180 months | 12.00%
|
Rates may change periodically. During the update and change, SFPCU will honor only its current rates.
* APR = Annual Percentage Rate. Example rate of 3.74% with 36 monthly payments = $29.41 per $1,000 borrowed, assumes discount for enrollment in automatic payments (fully indexed rate of 3.99%). The Annual Percentage Rates (APR) are for illustrative purposes only and may be different than the rate you receive. Rates quoted above assume excellent borrower history and may include a discount of .25%. To qualify for this discount you must have an SFPCU deposit account from which your monthly loan payment is deducted. Your actual APR may vary and will be determined when a credit decision is made, and may be higher than the lowest rate available. Lower credit quality, longer terms, different loan types, and non-qualification for discounts may result in higher rates. There are no pre-payment penalties on early payoff of loans. Internal Refinance with no cash out will be subject to a 1.00% add on to your qualifying interest rate. Out of State Vehicles are acceptable collateral, dealer transactions only. Rates, terms, and conditions are subject to change without notice.
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PERSONAL LOANS
Effective September 1, 2010
| Loan | Loan Maximum | Term | APR As Low As* |
|---|
|
Personal Choice Loan++
| $25,000 | 1-36 months | 10.49%
|
| 37-60 months | 11.49%
|
| 61-72 months | 12.99%
$15k & over
|
|
Overdraft Protection
| $2,000 | 1-36 months | 12.99%
|
Share Savings and
Certificate Secured Loans
| Use your Savings or Certificate to secure a low-cost loan. The interest rate is just 3.00% above your Savings or Certificate rate. Savings Secured Loans are available for a maximum term of 60 months. |
Rates may change periodically. During the update and change, SFPCU will honor only its current rates.
* APR = Annual Percentage Rate. Example rate of 10.49% with 36 monthly payments = $32.50 per $1,000 borrowed, assumes discount for enrollment in automatic payments (fully indexed rate of 10.74%). The Annual Percentage Rates (APR) are for illustrative purposes only. Rates quoted above assume excellent borrower history and may include a discount of .25%. To qualify for this discount you must have an SFPCU deposit account from which your monthly loan payment is deducted. Your actual APR may vary and will be determined when a credit decision is made, and may be higher than the lowest rate available. Lower credit quality, longer terms, different loan types, and non-qualification for discounts may result in higher rates. There are no pre-payment penalties on early payoff of loans. Rates, terms, and conditions are subject to change without notice. For current rates or other information, call us at 800.222.1391.
++Maximum aggregate signature loan balances can not exceed $25,000.00 per member. For more information, please contact our Loan Department at 800.222.1391.
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CREDIT CARDS
| Annual Percentage Rates for SF Police Credit Union VISA Secured and Unsecured Credit Cards |
|---|
| Annual percentage rate for purchases, balance transfers and cash advances |
Platinum / AffinityVISA®:
9.25% - 18.00% APR*
Share-Secured VISA®:
7.50% Fixed APR
|
Variable APR may adjust quarterly with the market based on the Prime Rate as published in the Wall Street Journal, Western Edition (“Index”).
| Disclosure Table for SF Police Credit Union VISA Secured and Unsecured Credit Cards |
| Penalty APR |
None |
| How to Avoid Paying Interest |
You have 25 days to repay your balance on purchases before a finance
charge is imposed. |
| Minimum Interest Charge |
None |
| For Credit Card Tips from the Federal Reserve Board |
To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard. |
| Fees |
| Annual Fee |
None |
| Transaction Fees |
|
| - Balance Transfer |
None |
| - Cash Advance |
None |
| - Foreign Transactions |
1% of foreign transactions in US Dollars |
| Penalty Fees |
|
| - Late Payment |
$15 |
| - Over-the-credit Limit |
None |
| - Returned Payment |
$25 |
| Other Fees |
|
| - Required Insurance |
None |
How We Will Calculate Your Balance: Average daily balance including new purchases.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.
APR = Annual Percentage Rate. Rates effective as of September 1, 2010. Because rates (including margins), fees and terms are subject to change at any time, you may contact us for the current information by calling the Credit Union at 415.564.3800 or 800.222.1391. You must be at least 18 years of age to apply, and show ability to repay future balances or apply with a co-signer if you are under the age of 21.
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